Nordea Bank Abp (OTCMKTS:NRDBY) Announces Quarterly Earnings Results

Nordea Bank Abp (OTCMKTS:NRDBY) issued its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, Zacks reports. Nordea Bank Abp had a return on equity of 16.29% and a net margin of 19.84%. The company had revenue of $3.13 billion for the quarter.

Nordea Bank Abp Trading Up 0.7 %

OTCMKTS NRDBY opened at $12.97 on Friday. The firm’s fifty day moving average is $13.04 and its two-hundred day moving average is $12.03. Nordea Bank Abp has a one year low of $10.30 and a one year high of $14.57. The company has a debt-to-equity ratio of 6.03, a quick ratio of 1.29 and a current ratio of 1.27. The firm has a market cap of $45.28 billion, a PE ratio of 8.37, a P/E/G ratio of 0.88 and a beta of 0.77.

Nordea Bank Abp Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 24th were given a dividend of $0.9791 per share. The ex-dividend date was Monday, March 24th. Nordea Bank Abp’s payout ratio is currently 29.68%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank Abp in a research note on Friday, March 7th. Barclays restated an “overweight” rating on shares of Nordea Bank Abp in a research note on Monday, February 3rd.

Nordea Bank Abp Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.